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Alberta
Technology Assist
June 1, 2016 Angela Stelmakowich, EditorUsing technology solutions during natural disasters is on the rise. The marked growth – as evidenced by tools both used and available in the devastating wildfires near Fort McMurray – looks poised to continue, with different options, more applications and enhanced information likely becoming a natural part of response. Technology being tablestakes may very well be key for the property and casualty industry to best serve and respond to customers in future.
Verisk Insurance Solutions expands FireLine to Western Canada
May 26, 2016 by Canadian UnderwriterVerisk Insurance Solutions announced on Thursday that it is expanding its FireLine wildfire risk management service to include the provinces of Alberta and British Columbia. FireLine, which is well-established in the western United States, enables property-specific assessment of wildfire risk…
AIR estimates Fort McMurray wildfire insured losses at between $4.4 billion and $9 billion
May 17, 2016 by Canadian UnderwriterIndustry insured losses from the Fort McMurray wildfire that began May 1 and is still being fought today is estimated at $4.4 billion to $9.0 billion, AIR Worldwide reported late Monday. The catastrophe modelling firm notes the estimate reflects insured…
Work camps north of Fort McMurray evacuated due to growing wildfire
May 16, 2016 By John Cotter and Dean Bennett - The Canadian PressFORT MCMURRAY, Alta. – A precautionary evacuation is clearing out employees at work camps north of Fort McMurray due to the threat of a quickly spreading wildfire. Non-essential personnel are leaving while others are staying to conduct work on the…
Desjardins General Insurance Group posts net income of $31.5 million in 2016 Q1, less than half the amount in 2015 Q1
May 16, 2016 Net IncomeDespite an increase in direct premiums written, Desjardins General Insurance Group (DGIG) saw net income for the first quarter of 2016 drop to about $31.5 million compared to the prior-year quarter. At $31.5 million, net income for 2016 Q1 was…
Alberta government releases Fort McMurray fire damage surveillance app
May 16, 2016 The Canadian PressEDMONTON – The Alberta government has released an app that will give Fort McMurray residents a good look at their properties. A message from Municipal Affairs Minister Danielle Larivee warns that viewing the satellite images may be traumatic, and the…
Insurance Brokers Association of Alberta (IBAA) 2016 Convention and AGM, May 15-18, 2016
May 15, 2016 by Canadian UnderwriterInsurance Brokers Association of Alberta (IBAA) held a successful 2016 Convention and AGM in picturesque Banff, Alberta, May 15 to 18. The convention’s theme was ‘connect’ and included a robust agenda including Keynote (Richard Bertram, WestJet’s vice president, communications and community…
Google offers look at fire damaged Fort McMurray neighbourhoods
May 14, 2016 The Canadian PressFort McMurray evacuees eager for a look at how their neighbourhoods fared during a recent forest fire have a new tool – Google. The California-based Internet giant is offering a bird’s-eye view of the city taken from satellite imagery on…
Radiation safety specialists enroute to Fort McMurray as precaution
May 13, 2016 Jennifer Graham, The Canadian PressFORT MCMURRAY, Alta. — The Canadian Nuclear Safety Commission is sending specialists to Fort McMurray to help emergency crews check out radiological devices that may have been affected by the wildfire. The equipment – which includes radiography cameras used to…
Update puts buildings lost in Fort McMurray at 2,400, but 25,000 saved
May 9, 2016 By Lauren Krugel - THE CANADIAN PRESSEDMONTON – Alberta Premier Rachel Notley says the “ocean of fire” that hit Fort McMurray burned about 10 per cent of the buildings, but the hard work of firefighters saved the bulk of the city so it can be rebuilt.…
Fort McMurray wildfire could hurt 2016 Q2 results for some Canadian p&c insurers, companies offering help
May 9, 2016 by Angela StelmakowichCredit rating agency Moody’s does not anticipate the massive wildfire in and around Fort McMurray will be a credit event for Canada’s property and casualty industry, but is likely to have an impact on 2016 Q2 results for property insurers.…
A look at how a wildfire consumed large parts of Fort McMurray
May 8, 2016 The Canadian PressFORT MCMURRAY, Alta. – A wildfire has devastated the community of Fort McMurray. Here is a timeline of events: Sunday – A fire starts in a remote part of forest southwest of Fort McMurray. Investigators don’t know how it started,…